The Weir Group (LON:WEIR) Shares Cross Above Two Hundred Day Moving Average of $1,864.48

Posted by Defense World Staff on Apr 18th, 2024

The Weir Group PLC (LON:WEIR – Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 1,864.48 ($23.21) and traded as high as GBX 2,024 ($25.20). The Weir Group shares last traded at GBX 2,010 ($25.02), with a volume of 523,611 shares changing hands.

Wall Street Analyst Weigh In

Separately, Shore Capital reissued a “buy” rating on shares of The Weir Group in a research note on Thursday, February 29th.

Check Out Our Latest Report on The Weir Group

The Weir Group Stock Up 0.1 %

The company has a debt-to-equity ratio of 82.21, a current ratio of 2.04 and a quick ratio of 1.16. The firm’s 50-day moving average is GBX 1,941.19 and its 200 day moving average is GBX 1,864.48. The stock has a market cap of £5.22 billion, a price-to-earnings ratio of 2,284.09, a price-to-earnings-growth ratio of 2.59 and a beta of 1.42.

The Weir Group Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, May 31st. Stockholders of record on Thursday, April 18th will be given a GBX 20.80 ($0.26) dividend. The ex-dividend date of this dividend is Thursday, April 18th. This represents a dividend yield of 1.11%. This is a positive change from The Weir Group’s previous dividend of $17.80. The Weir Group’s dividend payout ratio is presently 4,431.82%.

Insider Transactions at The Weir Group

In other news, insider Graham Vanhegan sold 1,869 shares of the stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of GBX 2,036 ($25.35), for a total value of £38,052.84 ($47,370.65). Company insiders own 0.40% of the company’s stock.

About The Weir Group

(Get Free Report)

The Weir Group PLC produces and sells highly engineered original equipment worldwide. It operates in two segments, Minerals and ESCO. The Minerals segment offers engineering, manufacturing, and service processing technology for the use in abrasive high-wear mining applications; and differentiated technology for the use in infrastructure and general industrial markets.